TORONTO-Hudson’s Bay Co. has created HBC Digital, a group responsible for digital commerce and marketing across the entire company. The retailer has named Michael Burgess, president of Saks Direct, as president of the new group. Burgess reports to the Hudson’s Bay Office of the Chairman. HBC Digital is responsible for the digital commerce and marketing … More »
TORONTO-Donald Watros, chief operating officer for Hudson’s Bay, has assumed the additional responsibilities of acting chief financial officer for the retail company. Effective today, Michael Culhane, Hudson’s Bay’s chief financial officer, is on a personal leave of absence from the company. A Hudson’s Bay statement provided no other details on these moves.
TORONTO-Expenses regarding the company’s pending acquisition of Saks put Hudson’s Bay’s bottom line in the red in its fiscal second quarter, to the tune of C$82.3 million (U.S.$79.6 million on the current exchange rate). Net sales totaled C$947.7 million (U.S.$916.3 million), an increase of 3.9 percent, in the quarter which ended on Aug. 3. The … More »